KRS 355.2-603: Merchant buyer's duties as to rightfully rejected goods.

(1) Subject to any security interest in the buyer (subsection (3) of KRS 355.2 -711),

when the seller has no agent or place of business at the market of rejection a

merchant buyer is under a duty after rejection of goods in his possession or control

to follow a ny reasonable instructions received from the seller with respect to the

goods and in the absence of such instructions to make reasonable efforts to sell

them for the seller's account if they are perishable or threaten to decline in value

speedily. Instructions are not reasonable if on demand indemnity for expenses is not

forthcoming.

(2) When the buyer sells goods under subsection (1), he is entitled to reimbursement

from the seller or out of the proceeds for reasonable expenses of caring for and

selling th em, and if the expenses include no selling commission then to such

commission as is usual in the trade or if there is none to a reasonable sum not

exceeding ten percent (10%) on the gross proceeds.

(3) In complying with this section the buyer is held only to good faith and good faith

conduct hereunder is neither acceptance nor conversion nor the basis of an action

for damages.